GSMS 2015-GC28 Annex A | | | | | | |
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Control Number | | Loan / Property Flag | | Footnotes | | Mortgage Loan Seller | | Property Name | | Cash Management Triggers | | Ground Lease Y/N | | Ground Lease Expiration Date | | Annual Ground Lease Payment ($) |
22 | | Loan | | | | CCRE | | Corsicana Hotel Portfolio | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) Bankruptcy action of the Borrower, Principal, Guarantor or Manager, (iv) the occurrence of Franchise Agreement Discontinuation Period. | | | | | | |
22.01 | | Property | | | | | | Hampton Inn & Suites Corsicana | | | | No | | | | |
22.02 | | Property | | | | | | Holiday Inn Express & Suites Corsicana | | | | No | | | | |
23 | | Loan | | 12 | | SMF I | | One Eleven Shopping Center | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x | | No | | | | |
24 | | Loan | | | | CCRE | | Nagog Park | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.30x, (iii) Bankruptcy action of the Borrower, Principal, Guarantor or Manager | | No | | | | |
25 | | Loan | | | | CCRE | | Scenic Tree Apartments | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) Bankruptcy action of the Borrower, Principal, Guarantor or Manager | | No | | | | |
26 | | Loan | | 23 | | GSMC | | Ashley Center | | (i) the occurrence of an Event of Default, (ii) Net Operating Income is less than 75% of Closing Date NOI, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) failure of Sponsor to maintain net worth and liquidity above the respective thresholds | | No | | | | |
27 | | Loan | | 24 | | GSMC | | Hampton Inn - Morgan Hill | | (i) the occurrence of an Event of Default, (ii) Net Operating Income is less than 70% of Closing Date NOI, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Franchise Trigger Period | | No | | | | |
28 | | Loan | | | | CCRE | | Chestnut Oaks | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) Bankruptcy action of the Borrower, Principal, Guarantor or Manager, (iv) the occurrence of a Condominium Common Charge Sweep. | | No | | | | |
29 | | Loan | | | | MC-FiveMile | | The View at Lake Highlands | | (i) the occurrence of an Event of Default | | No | | | | |
30 | | Loan | | | | CGMRC | | Deer Creek Corporate Center | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the occurrence of a Specified Tenant Trigger Period | | No | | | | |
31 | | Loan | | 12 | | SMF I | | Anaheim Hills Village | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x | | No | | | | |
32 | | Loan | | | | SMF I | | River Knolls Apartments | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x | | No | | | | |
33 | | Loan | | | | CGMRC | | Park West at Gateway Business Centre | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.25x, (iii) the occurrence of a specified tenant trigger event | | No | | | | |
34 | | Loan | | | | CCRE | | 464 West 44th | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) Bankruptcy action of the Borrower, Principal, Guarantor or Manager, (iv) the occurrence of a Pio Pio Termination Event. | | No | | | | |
35 | | Loan | | | | SMF I | | Village Lakes Shopping Center | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x, (iii) the occurrence of a Major Tenant Event Period | | No | | | | |
36 | | Loan | | | | CGMRC | | Villa Nueva Apartments | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15 | | No | | | | |
37 | | Loan | | | | SMF I | | 5720 Crossings Boulevard | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the occurrence of an Asurion Trigger Event | | No | | | | |
38 | | Loan | | 12 | | CGMRC | | 4811 Airport Plaza | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) the occurrence of a Specified Tenant Trigger Period | | Yes | | 12/31/2050 | | 195,576 |
39 | | Loan | | 25 | | CGMRC | | Cordova Collection | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the occurrence of a Re-Tenanting Sweep Event | | No | | | | |
40 | | Loan | | | | CCRE | | Persimmon Buildings | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) Bankruptcy action of the Borrower, Principal, Guarantor or Manager, (iv) the occurrence of a Lease Trigger Period. | | No | | | | |
41 | | Loan | | | | GSMC | | 7 Becker | | (i) the occurrence of an Event of Default, (ii) Net Operating Income is less than 85% of Closing Date NOI, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Cash Sweep Period | | No | | | | |
42 | | Loan | | | | MC-FiveMile | | 2000 Technology Drive | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) Debt Yield is less than 7.50%, (iv) the occurrence of a Trigger Lease Event | | No | | | | |
43 | | Loan | | | | CCRE | | CVS Saugus, MA | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.45x, (iii) Bankruptcy action of the Borrower, Principal, Guarantor or Manager, (iv) the occurrence of a Major Tenant Trigger Event. | | No | | | | |
44 | | Loan | | | | SMF I | | Carrillo Plaza | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x | | No | | | | |
45 | | Loan | | 26 | | SMF I | | Howard Johnson Jamaica | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) the occurrence of a Franchise Agreement Event | | No | | | | |
46 | | Loan | | 27 | | GSMC | | Holiday Inn Express - National City | | (i) the occurrence of an Event of Default, (ii) Net Operating Income is less than 70% of Closing Date NOI, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Franchise Trigger Period | | No | | | | |
47 | | Loan | | | | GSMC | | Bradburn Village Retail Center | | (i) the occurrence of an Event of Default, (ii) Net Operating Income is less than 80% of Closing Date NOI, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Rollover Trigger Event | | No | | | | |
48 | | Loan | | | | CCRE | | 47 Mamaroneck Avenue | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x, (iii) Bankruptcy action of the Borrower, Principal, Guarantor or Manager, (iv) the day that is six months prior to the expiration of the Westchester Dental Lease | | No | | | | |
49 | | Loan | | 28 | | SMF I | | East Michigan Avenue Self Storage | | NAP | | No | | | | |
50 | | Loan | | | | CGMRC | | Horizon Village | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the occurrence of a Re-Tenanting Sweep Event | | No | | | | |
51 | | Loan | | | | MC-FiveMile | | Ivanhoe Estates | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.25x, (iii) Debt Yield is less than 7.50%, (iv) the occurrence of an Event of Default under the Master Lease | | No | | | | |
52 | | Loan | | 12, 29 | | GSMC | | Craftworks Office Building | | (i) the occurrence of an Event of Default, (ii) beginning with the fiscal quarter ending September 30, 2015, Net Operating Income is less than 85% of Closing Date NOI, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) occurrence of a Rollover Trigger Event | | No | | | | |
53 | | Loan | | | | SMF I | | Tree Summit Village | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x, (iii) the occurrence of a Major Tenant Trigger Event | | No | | | | |
54 | | Loan | | | | SMF I | | 29th Street Self Storage | | NAP | | No | | | | |
55 | | Loan | | | | MC-FiveMile | | Pepper Tree Apartments | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) Debt Yield is less than 7.50% | | No | | | | |
56 | | Loan | | | | SMF I | | Garners Ferry Crossing | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x | | No | | | | |
57 | | Loan | | 30 | | CGMRC | | Storage Pros New Bedford | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x | | No | | | | |
58 | | Loan | | 19, 31 | | CCRE | | Bayside Business Park | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) Bankruptcy action of the Borrower, Principal, Guarantor or Manager. | | No | | | | |
59 | | Loan | | | | GSMC | | Fed Ex Ground Industrial Facility | | (i) the occurrence of an Event of Default, (ii) FedEx’s investment grade rating by S&P falls below BBB, (iii) FedEx “goes dark” for any reason or vacates permanently, (iv) FedEx declares bankruptcy, (v) FedEx Trigger Period | | No | | | | |
60 | | Loan | | | | SMF I | | Highland Road Self Storage | | NAP | | No | | | | |
61 | | Loan | | 12, 32 | | CGMRC | | Westerly Hills Plaza | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x | | No | | | | |
62 | | Loan | | | | MC-FiveMile | | Countryside Villa Apartments | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x, (iii) Debt Yield is less than 7.50% | | No | | | | |
63 | | Loan | | | | CCRE | | Indian Trace Commons | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) Bankruptcy action of the Borrower, Guarantor or Manager, (iv) the occurrence of a Lease Trigger Event | | No | | | | |
64 | | Loan | | 12 | | SMF I | | Pontiac Trail Self Storage | | NAP | | No | | | | |
65 | | Loan | | 19 | | CCRE | | Anthem Eastside Shops | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) Bankruptcy action of the Borrower, Principal, Guarantor or Manager, (iv) the occurrence of a Rollover Reserve Sweep Period | | No | | | | |
66 | | Loan | | | | CCRE | | Denim Lofts | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) Bankruptcy action of the Borrower, Principal, Guarantor or Manager, (iv) the occurrence of a Condominium Common Charge Sweep Event. | | No | | | | |
67 | | Loan | | | | MC-FiveMile | | Burnham Woods | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) Debt Yield is less than 9.00% | | No | | | | |